Asian shares were mixed in a muted reaction Tuesday to the inauguration of U.S. President Donald Trump. U.S. markets were closed Monday for the Martin Luther King Jr. Day holiday. U.S. futures rose and oil prices declined.

Asian stocks have retreated after U.S. stocks fell as good news on the job market raised worries over inflation.

Stock markets in the Asia-Pacific region have moved higher after President Donald Trump outlined a pro-business agenda for his second term in the White House and stopped short of imposing new trade tariffs on his first day in office.

SLB helped lead the market after the provider oilfield services delivered bigger profit and revenues for the end of 2024 than analysts expected. It jumped 6.1% after it also raised its dividend by 3.6% and said it’s returning $2.3 billion to its investors by buying back its own stock.

Asian stocks were mixed Wednesday following Wall Street’s mostly positive performance ahead of key U.S. inflation data that could influence the pace of market-boosting rate cuts by the Federal Reserve.